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olya-2409 [2.1K]
3 years ago
6

1. Contrafic Corporation used the following data to evaluate its current operating system. The company sells items for $21 each

and used a budgeted selling price of $24 per unit. Actual Budgeted Units sold 180,000 units 185,000 units Variable costs $1,080,000 $1,295,000 Fixed costs $ 800,000 $ 775,000 What is the static-budget variance of operating income
Business
1 answer:
olga_2 [115]3 years ago
6 0

Answer:

 $470,000 F

Explanation:

The computation of the static budget variance of operating income is shown below:

Particulars  Actual results         Static budget         Static budget variance Units sold        180,000 units        185,000  units

Revenues        $3,780,000            $4,440,000             $660,000 U

Variable costs  $1,080,000            $1,295,000              $215,000 F

Contribution margin  $2,700,000   $3,145,000             $445,000 F

Fixed costs         $800,000              $775,000              $25,000 U

Operating income   $1,900,000     $2,370,000            $470,000 F

Note:

Multiply the selling per unit with unit sold to get the revenue amount

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Answer:

The answer is: Both parties could win, depending if there were other conditions established for the auction.

Explanation:

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3 years ago
Marshall Inc. recently hired your consulting firm to improve the company's performance. It has been highly profitable but has be
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Answer:

148.02 days

Explanation:

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As we know that

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Roger inherited 100 shares of Periwinkle stock when his mother, Emily, died. Emily had acquired the stock for a total of $60,000
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Answer:

Please see attachment

Explanation:

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Explain what is happening during each phase of the cycle with: I. output, II. employment III. and inflation
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Answer:

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